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a few things that were on our list that we just had to get done. the tax code had to work, education had to work. you had to have regulatory system that worked. you had to be fast on the dime in working with the private sector because they could take their investment and go elsewhere real fast. so we had our own little strategy. and i would guess that you sitting down, what is the strategy for hawaii? what is it that you must get ght to survive in the 21st century? and that then define what is you need to do even if you find yourself in the minority position. >> did i hear you correctly are you the only republican in the tate senate? >> i'm actually in the house. but there is one senator out of 25 in the senate and there are 7 out of 51 in the house. so we are eight out of 76. >> we're trying to change your dynamic. >> well, the united states capitol there's a saying in the house that the other political party is the opposition. but the enemy, the enemy is the senate. so i guess we temporarily lumped you in with the enemy. so we're sorry about that. it sounds like your side emphasizes qu
the discussion over the past five years. hikes.looking at tax they are also not looking at significant cuts to medicare, security,or social which are areas republicans say needs to be done. instead we are looking at pretty small things and haggling over whether to have federal employees attribute more to their retirement -- employees contribute more to their retirement plans. thingse also looking at -- a spectrum that is going to be sold to telephone companies. they are looking at a small budget deal that would replace some of the sequester, the automatic spending cuts that were launched in 2011 as part of a but -- part of a different budget process. like can't there right now? why can't there be a grand bargain right now? caller: because republicans and democrats can't agree. all ryan, the chairman of the budget committee, and patty murray decided they were not going to go after the towels of the other party and just try to get something that was possible -- after all these failed budget agreements in the past, look we are not even going to go there this time. we are going to go for someth
freedom. less red tape, less taxes, more money left in detroit. the answer to poverty and unemployment is not another government stimulus. it's simply leaving more money in the hands of those who earned it. today i'm here to introduce something i call economic freedom zones. this is a bill that will be introduced next week in washington. these freedom zones will dramatically reduce tax and red tape so detroit businesses can grow and throb. he called his plan a conservative war on poverty. it's time we revisit some of the ideas of jack kemp and expand upon them. the bill that i will introduce, will introduce power and freedom zone. this political lower personal and corporate income taxes in detroit to 5%. my bill will lower the payroll tax, 2% for the employees, 2% for the employers. economic freedom zones will cut out the red tape that keeps new businesses from starting and old businesses from thriving. inside these ozones will suspend the capital gains tax. we will allow all small businesses to deduct most of what they invest in the first year of purchase. how will this differ from tr
that and lowering the corporate tax rate loopholes in a way that would be a better bargain for jobs in this country. to invest in universal prek. e need to continue to do the things that the president has jobs to rd to attract america from overseas and to n ing home jobs from america companies that are located overseas, bring them home to build on those trends. we need to continue to build on the trends, the positive trends we've seen in the manufacturing sector in this country. epresented by the automobile companies but also by host of signs and ive developments in manufacturing. so the president is not the east bit satisfied or complacent with where we are. that's why we really believes that we ought to have a spirited conversation about what are we going to do to reduce an equality. what are they going to do to jobs se the number of overall. but particularly the number of obs that pay a middle class wage and provide middle class security to families across the country. said in that speech that we done with e of this congress and where congress will take move, he action that he can on his own, fu
wanted tax cuts that congress would not enact? president george w. bush proposed a reduction in the capital gains rate. should she -- he have instructed the irs not to tax capital gains at a great greater than 10%? the point is not what you think of president obama's policy decisions. the point is, the president may not consistent with the command that he faithfully execute the laws, unilaterally amend, waive or suspend the law. we must resist the delivery pattern of circumventing the legislative branch in favor of administrative decision-making. we cannot allow the separation of powers enshrined in our constitution to be abandoned in favor of an undue concentration of power in the executive branch. as james madison warned, the accumulation of all powers, legislative, executive and judiciary in the same hands may justly be pronounced the very definition of tyranny. i introduce mr. conyers for his opening statement. >> top of the morning to my colleagues. the president's constitutional duty to faithfully execute the laws would be an important issue worthy of hearing by this co
in detroit simply by lowering the taxes in detroit. >> it's like kemp's enterprise zones on steroids. i looked over the plan. you're calling it the freedom plan. you will give eligible areas a reduction in individual and corporate tax rates. correct? yes. we'll take personal and corporate tax down to 5%. bring the payroll tax down for the worker and employer. and we'll reduce the red tape and let businesses thrive. we'll invite entrepreneurs from around the country and around the world who want to come to detroit and make it like a mini hong kong. there are great things you can do the. it's amazing how much money accumulates not from other parts of the country but just from detroit's tax base if you don't take it to washington. you leave it in detroit. >> you're saying you will reduce the personal tax liability to 5%. can you do that? you're senator rand paul, one senator. how do you accomplish -- i like the idea. i'm asking how you accomplish it. >> well, if i were president obama i would do it by edict. i'm just a senator so we have to pass it as legislation and get the president to s
insurance at a reasonable cost through choice and competition on this marketplace and tax credits that you may be eligible for that can save you hundreds of dollars in premium costs month potentially. to -- now that we are getting the technology fixed ande need you to go back take a look at what is actually going on. it can make a difference in your lives and the lives of your families. the president yesterday as onlaunches the second act healthcare.gov, encouraging people to go to the website and try again. the washington times this -- the president leader and chief on obamacare. -- salesman -- cheerleader in chief for obamacare. democrats and the president are expected to have a coordinated effort in pushing healthcare.gov. --e is a congressman's tweet what do you think about the rollout of healthcare.gov enter the president fire somebody? betty in albuquerque, new mexico. democrat. thank you for accepting my call. this particular congress that we now -- i believe the th -- hasnd 12 -- 112 title of the greatest do-nothing congress in the history of the united states. they have been held
the state to collect sales tax on outer state companies. are higher bills ahead and are the justices a group of grinches. what do black friday and cyber monday say about the state of the economy. let's nask "fortune" magazine claire zillman about this. what does this mean for online shopping. will it make it expensive in the future? >> it's evolving. the supreme court decided not to take up this decision. it backs on to a 1992 supreme court which is out of date, dealing with a catalogue merchant. the most notable decision is a 2008 law by new york state alog the state to collect sales taxes through online retailers even if they didn't have a physical presence in that state, in new york. >> there could be federal law passed. the senate and the house are looking at a lou deciding whether companies could be taxed. >> in not taking up the issue, it sort of looks like the supreme court deferred to congress, and the senate this past spring passed a bill in line with the new york law allowing states to collect through retailers without a physical presence. >> that will be a big hit for consumers. i
up into the 70's and 60s. >> a decision that will not rule on state internet sales taxes. what does it mean for your shopping. >> yesterday may have been the last cyber monday without sales tax. a setback for on-line retailers and consumers may be here. it will allow them to collect even if they have no physical presence in the state. it it required them to collect tax on new yorker's on-line purchases. but by refusing it they sent it to a dozen states with similar laws. it is estimated the state lost $23 billion in uncollected taxes last year. we clicked and shopped until we dropped yesterday. i did some shopping i hope you did, too. early indications show on-line sales were up at least 19 percent on cyber monday compared to last year. a third of us had phones and tablets. retailers are hoping that on-line sales can save christmas at this point. web sales projected to climb 15 percent to more than $80 billion. olive garden may be finding more success in the american roots than italian ones. the restaurant chain is serving a burger called the italian no it is topped withed brish chu
about it. >> check with your tax accountant. some stocks cannot really go in because of a business tax. you want to be sure. you've got to talk with your accountant about these. the stock had a not great quarter and it's been knocked down. and the master limited partnerships have been coming down. but i believe in rich kinder. rich kinder is not dick heckman. he had a terrific company around, this one's not it. rich kinder made a lot of people a lot of money. i'm not going to abandon that company. but i do honestly right now like linn energy right now. higher reats don't have to be the end of the world, conn's might be a microcosm. wouldn't you like to have a stock that goes up gigantically? or would you say i don't want that gain because rates are going higher? stay with cramer. >>> coming up -- nice view? hilton's more than $2 billion ipo is about to hit the street. are there better accommodations for your cash? or should you try and book a room in this newly minted spot? ♪ [ male announcer ] this december, experience the gift of exacting precision and some of the best offers of th
handouts. he said lower the tax rate dramatically, 5% corporate and individual tax rate. school choice, education tax credits. various provisions to make it easier for people to invest in the inner city. he said, look, we tried government solutions. they haven't worked. so let's try market-based solutions, and that's his answer to a lot of these issues. i have to tell you, a steep road they have to climb. in detroit, for instance, in 2012, obama got 97% of the vote. mitt romney, 2%. >> does he actually believe the unemployment number? you know, there's been some speculation that it doesn't really accurately reflect what the situation is in our country? >> well, he points out the fact that for blacks, the unemployment rate is roughly double what it is for whites. and you know, regardless of what the statistics are, he understands there's a serious unemployment problem around the country but especially with minorities in the inner cities. he's saying that the typical liberal democratic solution is not the right way to go, that you need to go market-based and try something else because th
investment for our tax payers? >> it is not spending, it's an investment. you are absolutely correct. >> thank you. >> thank you very much. >> i appreciate this opportunity. it's a fascinating conversation. i want to focus on the testimony of dr. robinson. hearing is important because it highlights the testimony of now moving as a away from a philosophy toward higher education that focuses only on access and starts to look at success. i'm a product of pell grants. i could not have graduated from wabash college without pell grants. i have lived the importance of these degrees great but the world has changed a lot in last 40 years. i would say the federal financial aid system is one of the great success stories in the history of the federal government. access, weal was provided access to higher education for people in this country like never before. the challenge is, when these programs started 40 years ago, access was enough. when you looked at the income potential is someone with just a little time in college, your income potential was higher. today, that has changed. if you don't gr
by some now is not the time to raise taxes, yet the house budget cannot produce spending bills from the appropriations committee that can actually pass on the house floor. in some cases, they appear to not even be able to pass from subcommittee. all the while we're looking at a sea of unmet needs and face a floundering economy. there is one area that can help break the logjam, not solve all our problems, certainly, but help us significantly along the way. congress should address the critical needs of our nation's infrastructure deficit. roads, bridges, transit systems are all increasingly at risk. we are facing an inadequate state of repair, construction of new facilities are on hold and we are losing ground in meeting our own needs, let alone the challenges of global competition. yet, this challenge is an opportunity for some potential progress. we know what to do to meet this challenge. we can write a new transportation bill that will meet today's needs. it just needs more money. there is a vast coalition that supports additional resources for infrastructure. the so-called special
also look at closing special interest tax breaks to make sure that everybody is participating in trying to replace the sequester. we all know that the sequester is hurting the economy. the congressional budget office says it will result in 800,000 fewer jobs by this time next year, so we have to fix it, and we have to fix it in a balanced way. you have seen the reports and a lot of you have written about this. the proposals republicans have put forward as part of this income,go after middle middle-class taxpayers, and leave the highfliers alone. do they propose to do, for example? federalpose to go after peoplees, hard-working who have already taken it on the chin in terms of furloughs, the government shutdown and the sequester. want to, apparently, close a single loophole for private corporate jets, but they want to say to the traveling public, you should pay a higher airline passenger fee. we are not saying you cannot consider user fees. we find it odd that they would say they want to use airline passenger fees but not close pirate -- private corporate jet loopholes. at the same time
. >> any plans to do anything to step up the collection of property taxes to bring in more revenue to the city? >> property taxes are being collected as we speak. i think it's a misnomer, because some of the numbers that i see are numbers that go back to 2009 when i first came into office where it was said there's 100 to $150 million of uncollected taxes. you go back 10 years ago using the same numbers, it's not realistic. number one, a lot of those people are businesses that are no longer here. we need the number as it relates to taxes. the same thing holds true for empty houses. i see the number constantly at 78,000. that's not a right number. it's a moving number on a monthly basis but it's not near to 78,000. >> when you say -- >> that was detroit mayor dave bing speaking on the ruling moments ago that detroit can file chapter 9 bankruptcy. he'll be joining us later this hour. but first "twelve days of christmas" and
warmed his hands on the panels and promised tax credits to people who put them on their homes and businesses. let's get energy independence, go solar, well, seven years later, a republican president named ronald reagan had the panels taken down, supposedly for repairs. this summer, new and improved panels got put back up, once again as part of a green overhaul on pennsylvania avenue. the new panels are expected to pay for themselves in energy savings over the course of president obama's tenure. but just down the street at the grand hyatt hotel in washington, the white house's solar panels are the object of scorn and strategy. it is the meeting of the exchange council, alec, the consortium, where mostly republicans fought for the passage in their states. the initiative is to punish american homeowners who choose to go solar, the idea is to make the solar-powered homeowners pay a penalty for using fewer fossil fuels, disincentivize the use. alec's stated objective is blocking the renewable energy at the state and federal level. touting their laws that reform, freeze or repeal st
on taxing some down. >> why do you think republicans seem so fixated on the government reliance narrative and this tax and spend. this tax and spend phrase that they of the to use over and over again? >> that's the only message that they've been able to promote, and i think a lot of the republican message has been similar to mitt romney's 47% comments and it's a problem for republicans because they spend the majority of the time since the 2012 elections trying to cut food stamps and we also know they oppose a minimum wage hike with respect to sequestration and they expressed concerns over the cuts and they've disproportionately impacted on those relying on headstart and meals on wheels and the rnc had come up with the 2012 autopsy report and it urged republicans to reach out to the poor and not simply be the party of the wealthiest americans and come up with policies that would actually lift americans out of poverty and they continued to push this anti-obama agenda and that's why they're reframing the debate around the economy because they know that's a winning issue for them and republic
at that plan. you had sent a flat individual and corporate tax rate with 5%. give parents more school choice and education tax credits and loosen visa rules to encourage entrepreneurs to open businesses. while those are all good ideas, you've got to pour more government money into those inner cities if you're going to make a difference. >> well, chris, it hasn't worked. the president pours a trillion dollars into the nation's economy when you divided it out, it was about $400,000 per child. the problem with a government stimulus is you pick the winners and loser rs. with this stimulus i'm talking about, a free market stimulus, you simply leave the money in the hands of those who have earned it, so the customers have pickeded out the successful people. those people get more money. like i met a young man, young african man who has his own restaurant. his first question is do you have any tax breaks for me for my business. that's what what would do. help people in business and trying. >> but i don't have to tell you senator, republicans have a steep hill to climb in inner city neighborhoods. in
the globetrotter's theme song ] >>> and tax your christmas tree. we're not kidding all r. all the appalls details. stay tuned. >>> and the family of a fallen veteran shocked to see his picture pop up on dating websites. how does that happen and can they fight back? our legal team is next. >>> welc. some quick headlines. a man trying to transport a 50-ton war machine loses control, not once, but twice. oregon state police say the vintage tank somehow slipped out of gear and rolled down a hill. don't you hate when that happens? when the driver tried to tow that machine it started rolling again. he was cited for reckless driving and criminal mischief. >>> google mail, known as gmail, letting you unsend messages but you have to be fast. theail feature you activate in the settings menu gives users a 30 second window to stop that message from sending. every time you send a message it pops up with a box with the message to undo. hanna? >> thank you. the family of this fallen soldier is furious. why? because somebody took staff sergeant matthew pachino's pictures off his memorial website and used them to
pay taxes on it. >> and given the recipe to uncle sam? >> right. you have to turn over your rights to the recipe. >> but you didn't have to change the recipe? >> n. we don't want to change it. this is the best recipe in the whole world. we don't want to change it or mess up things. >> how do you characterize the success of the show? it's number one on tuesday nights. we can now drink liquor in public, unlike the flapper year when we first broke in the show, we could not serve liquor. now we can. how do you explain the success? >> we got the best maker here. >> and you were on the run, too. >> i was on the run. >> true. but there was an anxiety to the episodes. >> yes. >> you were rejected four times, right? what was the difference? >> the label was rejected a couple of times. some of the information. it's just the accountability. the government really wants to know exactly what's in that bottle. >> and they really want their tax money. when we watch the show, and it's great. it's really interesting. if i were a moonshiner, i'd be worried all the time that you'd get arrested. >> we
to help people with taxes. >> free enterprise is at stake. >> this man after selling t-shirts here for 30 yyars was told you must stop. this is just the rules from friday, december 16th. tiny fine print here. >> yep. >> every day is another book. and you have to know everything in here or you can go to jail? >> that's right. here i am a constitutional lawyer and i have no idea what is in these books. >> each and every one of these is incomprehensible. >> and unnecessary. i flip open this book, this is department of energy regulations on the formula for determining the energy efficiency of a commercial ice maker. somebody that runs a bar or restaurant can go to the manufacturer, say give me an ice maker. if it works, the market says what's the best -- >> we don't need reviews. >> we don't need the federal government printing mathematical formulas, requiring everybody to conform to this sort of bizarre bureaucratic standard. >> i keep every day getting more of this stuff. >> and it doesn't go away. >> like a disease. like a mold. seeps through slowly and you don't exist any more. >> the mex
in depressed areas. let's take a look at that plan. you would set a flat individual and corporate tax rate in those depressed areas of 5%. give parents more school choice and education tax credits. and loosen visa rules to encourage foreign sbe pentrepre to open businesses. senator, while critics say those are all good ideas, you've got to pour more government money into those inner cities if you're going to make a difference. >> well, chris, it hasn't worked. i mean, the president poured a trillion dollars into the nation's economy. when you divided it out it was about $400,000 per job. the problem with a government stimulus is you pick the winners and losers. with this stimulus that i'm talking about, a free market stimulus, you simply leave the money in the hands of those who earned it. so the customers have actually picked out the successful people, the ones they choose to buy products from. those people get more money. like i met a young man, young african-american man who has his own restaurant. his first question is, do you have any tax breaks for me for my business? that's what thi
and economic freedom. policies can be put in place, growth policies, tax cuts, corporate taxes being cut to get that growth going so everybody has an equal shot at prosperity. martha: let's take a look at some of these numbers. just verbally -- 1 per when asked what's the most important issue to you? 1% of the 18-29-year-olds thought that was important. jobs, unemployment rate, 7.3%. we note labor participation rate is historically low and continues to be so. americans on disability up three times since 1983. we throw more money at education, doug, than we have ever in the history of this country and we have seen what's happening to our test scores. i think the president is getting at the middle class. improving the state of the middle class. but i don't know raising the minimum wage and increasing early childhood education is the ticket. >> i think those are good things to do. i'm a democrat. but the issue is what monica came to at the end of her brief presentation. the answer is growing an economy to give everyone a chance to get ahead. the american people are angry there is no real chance to
be passed next week. and also, alex, there are no big tax cuts or spending hikes that are -- spending cuts or tax hikes on the more vie zone. that speaks to the fact that even though you still have democrats, republicans duking it out this, latest budget battle might not threaten what seems to be a recovery that is picking up speed. alex? >> okay. kristen welker, thank you for that. here's our question for you. in light of the improved jobs picture, do you sense the economy has improved. >>> snow sleet, and ice, millions of americans bracing for icy conditions as the storm moves east. it is being blamed for at least 10 deaths. icy conditions are making drive perilous. >> my car was kind of weaving back and forth just because it was so slick. >> and it's scary too. in cincinnati, a bus hit several parked cars while the driver tried to manage the icy roads. in kentucky, they were so slick a salt truck overturned after a driver said his tires went off the side of the road. >>> in dallas, heavy snow and ice caused two marinas to collapse. it has canceled two marathons, one in dallas and anothe
business. >> she was told you need a license to help people with taxes? >> free enterprise. >> this man after selling t-shirt's here for 30 years you must you must, tom. every bay wood is not on my mind. i forgot p that. >> i have no idea what's in these books. >> each and every one of knees is incomplee hencible to -- incomprehensible. >> i am flipping over this book department of energy reege layingses on the formula for sderm inning the energy efficiency of a commercialite maker. somebody who runs a bar or restaurant can go no the manufacturer and give me an ice maker if it works the market will figure out. >> we don't need the federal government printing capri prehencible. they formed a bizarre bure tratic sanders. it doesn't go away. like the cease. i isn't realize i don't exist any more. >> the mexican gray wolf. the pump back whale. the sea lion. these are engangered species they need information. the act i want both respected. if the bureaucrats would take a idead in and move two for tw it. ambassador our nation for future generations. >> they want to use the plan in louisiana t
and get our economy moving again. he talked about three things. expand access, provide refundable tax cut its, and extend unemployment benefits. at was the way to get us back on track. today, we will hear from a panel who will explain unemployment insurance and families and the american economy and why it's imperative for this congress to move and act before the year ends. thank you, madam leader. >> we are going to go to introduction of the witnesses. i'm going to start with ms. was come into has been executive director of the law project since january 2, 2008. she has worked at the afl-cio, she is focused on minimum wage, living wage, pay equity for women. many issues we are pursuing around this country through our membership. we want to introduce each of the witnesses first or do we want to have them testify one at a time? >> we would ask you to make your statement brief so we can get to all the witnesses. >> we really appreciate the committee holding this important hearing today on what is an urgent matter for millions of americans. who will lose their unemployment benefits over the h
of common ground there. republicans do not want to raise any taxes. democrats say we're not going to do what you want if you're not going to do what we want. where do you find common ground in the circumstance? there's not a lot. a lot of people are predicting they'll make very small changes around the margins, that's what i suspect will happen. >> when you say the narrative that way, it does tilt it a little bit. proposed social security cuts in his own budget, something that tour'e's point, elizabeth warren is actively campaigning against. i wouldn't say they were on the 50 yard line. they were looking at social safety net requirements and that's wasn't enough for republicans to go anywhere in revenue. >> that's entirely fair. when you look at the republicans you're looking at the political party that is now -- its base is elderly people more than anything else. on the one hand ideologually want to curtail social security and medicare and political base that says don't take our social security and medicare away. they are in the position of saying, democrats you propose the social security
losing the band on sunday shopping. part of the bitter arguments over how to ease up on taxes in france all still feeling the state's coffers. his dispute with the dresses were soon enough we'll be talking about. in the false and yet tod
the entire financial system or leave taxpayers at risk. dodd-frank prohibits the use of tax dollars. useequires that we will and the tools that the law provides. the largest financial companies have already submitted living wills or blueprints for how to unwind firms if they fail. regulators will require firms to rework these plans if they are not credible. if firms are not able to provide a credible plan, regulators can impose remedies, including requiring firms to divest or realign their businesses. -- realtors have ade clear -- and they are continuing to develop strategies and guidance for resolving major institutions with minimum disruption to the financial system. there is still more work to do, particularly to make sure that international rules mess with our own sins, as we know too well, financial crises do not respect national borders. while we will not know how well these tools work for certain until they are tested by a true crisis, several things are clear. dodd-frank ended too big to fail as a matter of law. tough rules are now in place to make sure that banks have the c
with taxes. they don't like big companies getting a better tax break for health care deductions than say small business owners and they want one standard and in fact the house bill has a standard. i didn't want to get into the great details of this but the house bill has a standard where you're actually given a large enough tax break, tax incentive that you got the incentive to go out and buy more competitive health care policies that won't allow one test -- >> all you're hearing mitch mcconnell saying disastrous and catastrophic and going after obama care. >> and it's the republicans responsibility to get tom coburn plan and the house plan and the best ideas, get them all together and then everybody has to be behind that one plan or else -- >> can they unite behind one plan? >> all right. still ahead this morning we have chuck todd and david gregory joining us. "morning joe" is back in a moment. the most free research reports, customizable charts, powerful screening tools, and guaranteed 1-second trades. and at the center of it all is a surprisingly low price -- just $7.95. in fact, fid
in employer mandate penalty or tax. a critical issue is the definition of employee. but equally important is the issue of which and how many employees are contributed to the business. the answer may be simple for one business with a single owner. however, when an individual shares ownership of multiple entities or when a business has multiple owners, the answer is less clear. today, we will examine the aspect of determining whether businesses are considered single or multiple entities under the health care law, which requires businesses to abrogate employees and could be subjective to the obamacare employer mandate. according to the national federation of independent as is, 39% of small businesses were -- with 20 or more employees will at least 10% of one or more of their businesses. to determine the threshold of 50 or more employees has been met in the situations, the health care law utilizes the internal revenue service code controlled, group, business, abrogation rules, which are complex and confusing even to most experts. some experts have suggested that most small business owners cou
. it wouldn't close corporate tax loopholes. it wouldn't fully replace sequester cuts. in essence it appears it would just avoid another debt crisis on capitol hill. >>> a rare trip to pakistan for chuck hagel. it is the first trip there for a pentagon chief in three years. his meetings with pakistan's prime minister over tensions with drone strikes and hopes to repair the relationship. he made a surprise visit to troops over the weekend and told them a possible budget deal could restore money to the military but notably he did not meet with president hamid karzai who ruffled feathers by refusing to sign a security deal. >>> a pod of wayward whales has risen. officials found 11 dead pilot whales in the florida keys sunday afternoon bringing the number of recovered character casts carcasses to 52. officials do not know the status of the remaining whales. >>> okay, a bizarre plane incident left one passenger with quite the surprise. tom wagner was on united flight from louisiana to california when he awoke to find the flight empty and the plane locked. >> i looked up at the ceiling and i saw t
and medicare. they're going to get savings better known as cuts. a that budget also included tax cut that was paid for with an asterisk, meaning the ways and means committee and appropriations committee would have to figure out how to fill the $5.7 trillion hole. arithmetic requires you to recognize you can only fill the hole by either raising taxes or additional cuts. now we know that republicans are opposed to tax increases and the only real big ticket item left that could come anywhere close to filling that hole would be social security and medicare. the only thing on the table left to pay for that the c.b.c. budget does not include an ast risk or other budget gimmicks. our budget outlines a concrete plan that makes tough choices and presents credible options to achieve our budget reduction targets. the c.b.c. budget calls for revenue enhancements totaling $2.7 trillion over the next decade. our budget outline house the house ways and means committee and the senate finance committee can reach this number by highlighting several revenue options totaling $4.2 trillion that could be
the promulgation of any rule enact of carbon tax in the future? >> say again? >> do you see the promise promulgation enact a carbon tax for this country in the future? if only if congress provides that mechanism. no. okay. >> mr. chairman, i can't get my questions answered. i guess i'm pretty much finished and yield back. >> thank you. i don't believe we have any other members for the questions. administrator mccarthy. thank you for your presence today. we may have additional questions that would be submitted to you in writing. we hope you will reply in a next couple of weeks. >> i didn't mean, can i ask you one favor? >> i know we ask you a lot of information about the subpoena issues. i want to make sure we understood one another. if we meet after ward. i want to make sure i gave perfectly correct answers our expectations are the same on what you're looking for and whether or not we've complied with that and with a you're looking for next. i want to be very respectful you and the wishes of this -- >> thank you. you will. i'm somewhat encourage bid your answers today. ly hope you will
they be regulated and taxed like a regular taxi commission? number was from leaked documents so it is not confirmed, but it is also a top line revenue number. you have to figure out what their cut is and how it slows down. the $20 million a week is hard to gauge. but the company is clearly making a lot of money and has done extraordinary things. ou and view this as peer to peer sharing, but i also view it ke lifestyle.i a whole generation of people are leaving college and coming into the job market and they are viewing their world and they are saying, hey, i don't actually need to own the assets my parents owned. i don't necessarily need to own an apartment. i can rent. i know people are moving from place to lace. -- place to place. same thing with uber. and same thing with bitcoin. the economy is being restructured and at this point it is hard to discern exactly what the role of government should be. government risk of overreaching -- look, i was on the stand against iker soft in the antitrust case and it is one of the things in my career that i regret because i think it was an attempt to overreac
what it is. i say let people keep more taxes and fund a program that isn't working and rife with fraud and -- >> $200 billion in vouchers -- >> what's wrong with re-examining it and -- >> take it out and see what happens. >> any time a republican offers some kind of option, it is demonizing as being greedy or pushing grandma off the cliff. it would be great if both sides analyzed what options were out there ee dwaqually. >> they did. that. they tried that with simpson/bowles. >> i don't know what that is. >> do you remember? >> no. >> could drone dlielivery, be o future. barbara walters, a saint, releases her list of 10 ten most fascinating people in the year. >> she is a saint. >> why do we care? that demate and more coming up on "the five." this is the quicksilver cash back card from capil one. it's not the "limit the cash i earnvery month" card. it's not the "i only earn decent rewards at the gas station" card. it's the no-games, no-signing up, everyday-rewarding, kung-fu-fighting, silver-lightning-in-a-bottle, bringing-home-the-bacon cash back card. this is the quicksilver card fro
to provide refundable tax credits and extend unemployment benefits. today we hear from a panel who will explain exactly how unemployment insurance benefits families and the american economy and why it is imperative for this congress to move and act before the year ends. thank you, madam leader. >> we'll go to introduction of the witnesses. mr. laurel and i are going to share. i'll start with ms. owens who has been the executive director of the national employment law project since january of 2008, and she's seen the efforts that that institution oversee the effects of the great recession. she's worked at the afl-cio, focused on minimum wage, living wage hikes, pay equity for women, many issues we're pursuing around this country. ms. owens we welcome you. we want to introduce each witness first or have them testify one at a time? >> okay. we'd ask you to make your statement brief so we can get to all witnesses. >> thank you so much. we appreciate the committee holding this important hearing today on what is an urgent matter for millions of americans who will lose their unemployment
taxes. >> it breaks it down, the sort of back and forth. it seems to be that rangle is, as they describe it, old school. he's been there for 44 years, harlem congressman. he does it old school and he has seen president obama as an up start, a beginner. he famously backed hillary clinton. and then of course when he was elected, brought na office. charlie rangel thought he would have access to the white house as chairman of the house ways and means committee. he didn't get access. >> and who did? >> al sharpton. that's who they went with for their community outreach. they went with al sharpton over charlie rangel. charlie rangel has been pretty honest about the failures of obama care. the real difference is style. charlie rangel likes other people. he is a warm person. spend an afternoon with charlie rangel. he exsuds an affection for other human beings. that is wholly absent from president obama. name five people close to him? they don't exist. you can name 500 for charlie rangel. >> remember the picture of him on the beach in the dominican republic. he evaded taxes on the cottage. the pr
that sequester. cuts to special interest tax breaks. we've been denied an opportunity to vote on that just like the comprehensive immigration bill. >> what about iran. president rouhani gave an interview over the weekend basically saying iran has it right and will have the right to enrich uranium. he's pocketing that as something achieved from the negotiations not something decided in the final agreement six months from now. what about congress pushing -- certainly in the senate pushed by menendez, council on foreign relations impose sanctions or at least the threat of sanctions. where do you stand on that? the president is fight it tooth and nail. >> yes, andrea. two things. first of all, you know the expression right tonight rich is not in the agreement. it says you have to have a neutraly agreeable program. i think both would agree right to free speech dnd on being able to veto anything he said, you would not think that was a right to free speech. with respect to additional sanctions, we should be very careful. we need to tread very carefully here. the reason iran is at the table, the reason
the christmas recess? well, yeah. they're going to go shopping. they're going to take your tax dollars and go shopping. and now if you're asking me if they're going to make a deal, probably not. it's the congress. stick around. rapid response panel coming up. >>> i'm jane wells with your cnbc market wrap. the dow dropped 77. the s&p lost four. and the nasdaq down 14. this despite good news manufacturing activity topped expectations in november, growing at its fastest pace in more than two years. construction spending edged .8% in october. this is its fastest pace in more than four years, driven by a boost in government project. and today marks the biggest online shopping day of the year, cybermonday. analysts expect over 131 million people to jump on the web for the best holiday deals. excuse me while i get back to shopping. that's it from cnbc, first in business worldwide. as your life changes, fidelity is there for your personal economy, helping you readjust along the way, refocus as careers change and kids head off to college, and revisit your investments as retirement gets closer. whereve
,000 people or rolling back the earned income tax credit or pushing the voter suppression law that we're seeing now that's the worst in the country in north carolina, all of that, you see the money imprint and the handprint imprint and the philosophical imprint of either art pope or groups he has backed in such a wrongful way. and that's why we're fighting. >> do you think that people in north carolina broadly understand the connection between that agenda that you just described and the network of discount stores that have made the pope family so wealthy over all these years? do people already know the connection between those po policies -- >> no. >> -- and those stores? they don't. >> no. that's why we're doing these informational pickets. now, we hope in this season of christmas and hanukkah, his own conscience -- we've actually asked to meet with him -- that he would change. we have to believe in the possibility of redemption. we've shared with him that it's against our greatest moral values, we've talked about scripture of woe to those who use their wealth and political power to
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